Funding $38.3 Billion, 54 Unicorns: The Stellar Fiscal Year 2022


Hello readers,

Fiscal 2022, the past fiscal year, was a turning point for the Indian startup ecosystem in terms of funding momentum and investor interest. The fiscal year saw a record 54 startups enter the coveted unicorn club – signifying a huge boost in funding despite the challenges of the COVID-19 pandemic.

According to data collected by Your story Searchthe year saw 1,633 deals across all stages, 16% more than the 1,406 deals seen in fiscal 2021. The majority of these deals – 82.4% – were disclosed, which totaled $38.3 billion in funding inflows.

While early-stage startups accounted for the lion’s share of the number of deals (1,210), early-stage startups attracted the most funding value – around 60% of total funding disclosed. Meanwhile, growth-stage startups saw a significant drop in deal volume (13.9%) and value (23.3%).

The top five sectors include fintech and financial services, edtech, direct-to-consumer brands, foodtech, logistics and supply chain. They saw a cumulative fundraising of nearly $19 billion across 700 deals, contributing 49.56% of the total value.

Editor’s Pick: Helping MSMEs Leverage Digital Tools

Micro, Small and Medium Enterprises (MSMEs), which form the backbone of the Indian economy, face the challenge of finding a single solution for their various needs such as accounting, GST reporting, etc.

Imprezz, based in Bengaluru, tries to solve this problem by providing various services such as invoice generation, accounting solutions, payments, etc. It is part of the Buhl Group based in Germany. Read more.

(Representative image)

Spotlight on startups

Make commercial purchasing transparent

Sameen Husain and Abhiroop Srivastava realized that India’s indirect procurement industry suffered from poor service, lack of technology, transparency, access to sustained demand and timely capital.

To transform the way businesses source, the duo launched Gurugram-based Prodo in May 2021 by automating multiple touchpoints in the supply chain journey, from sampling to quality control. Read more.

YS Design Team

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Before you go, stay inspired with…

“If this idea gets you going, go ahead and do it; the worst that can happen is that you fail, and it’s better to accept failure than to keep thinking ‘what if…’”

— Udita Pal, co-founder, Salt

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